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\multicolumn{4}{c}{Impact of treatment assignment on standardized test scores} \\ \hline
 & (1) & (2) & (3) \\
VARIABLES & std\_POINTS2 & std\_principal2 & std\_subsidiary2 \\ \hline
 &  &  &  \\
treatment & 0.12* & 0.12 & 0.11 \\
 & (0.07) & (0.07) & (0.08) \\
treatment\_high\_fees & 0.05 & 0.03 & 0.06 \\
 & (0.10) & (0.11) & (0.11) \\
high\_fees & 0.43*** & 0.44*** & 1.36*** \\
 & (0.12) & (0.13) & (0.15) \\
Constant & 0.29 & -0.28 & 0.17 \\
 & (0.40) & (0.47) & (0.50) \\
 &  &  &  \\
Observations & 708 & 708 & 708 \\
R-squared & 0.62 & 0.59 & 0.49 \\
var & 0.16 & 0.15 & 0.17 \\
se & 0.07 & 0.07 & 0.07 \\
pval & 0.02 & 0.04 & 0.02 \\
qvalue interaction & 0.57 & 0.66 & 0.66 \\
 qvalue & 0.99 & 0.99 & 0.99 \\ \hline
\multicolumn{4}{c}{ Robust standard errors in parentheses} \\
\multicolumn{4}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
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